Taiwan is likely to expand its direct shipping links with the Mainland next month, as Premier Frank Hsieh said the government was willing to allow boats to go directly between Penghu, a group of islands in the Taiwan Strait, and the Mainland's Fujian province, The Standard of Hong Kong reported. Currently, Taiwan allows direct trade […]
Category:
Categories
Cnooc abandons Unocal bid
Cnooc withdrew its US$18.5bn cash bid for Unocal yesterday, citing "unprecedented political opposition" by American lawmakers. In a strongly worded statement, Cnooc said it might have raised its bid even higher, if not for the formidable opposition in Washington. Unocal spokesman Barry Lane said the company's board remains convinced that it accepted the better offer.
Fueled by a mutual unease over perceived US hegemony and Islamic extremism in Central Asia, China and Russia will hold their first joint military exercise Aug 18-25, with nearly 10,000 troops in two sites on China's and Russia's eastern coasts, The AP reported, citing China's Defense Ministry . The exercises with army, navy and air […]
Aiming to defuse recent reports that Washington sees China as a rising economic and military threat, Deputy US Secretary of State Robert Zoellick, who is in China for the first of a series of strategic talks aimed at improving strained Sino-US relations, said he had "very open" discussions with the Chinese leadership, according to media […]
Categories
China top priority: UPS
UPS, the world's largest shipping carrier, said at a press conference that it would expand flights and facilities in China, now its No 1 priority. John Beystehner, chief operating officer at UPS, said the company plans to establish a hub in Shanghai by 2007 and the 18 weekly flights in and out of China would […]